Cyber Insurance
Cyber scams prompt behaviour change in 61% of users
Cyber scams prompt behaviour change in 61% of users
Chubb says insurance can play a key role in digital payments.
Australia leads APAC in cyber insurance uptake
Demand for cyber insurance in the region is growing at nearly 50% annually.
Why are few companies opting for AI-specific insurance?
Ransomware and phishing now worry 35% of executives.
Cyber insurance demand rises in APAC's emerging markets
APAC cyber insurance market is growing at nearly 50% annually.
How is APAC leading with AI to fight insurance fraud?
74% of respondents reported that fraud cases are either stable or increasing.
APAC insurers increase cybersecurity investments by 48%
Insurance premiums for cyber policies rose by 70% from 2020 to 2022.
How much do Singapore’s executives care about cyber insurance?
The rise of AI presents opportunities for both businesses and cybercriminals.
Zurich Resilience Solutions Appoints former CSIS officer to cyber role
The role was recently created to boost the companies’ risk services.
Asia's cyber insurance market set to triple by 2025
Cost of cybercrime is projected to increase to nearly $24t by 2027.
SMBs boost cyber insurance uptake amid rising threats
67% of ransomware attacks in Q4 2023 affected SMBs with less than 1,000 employees.
A quarter of businesses with standalone cyber insurance act quicker
About 37% of enterprise respondents secured $100m or more in coverage.
Extortion cyber attacks rank financial services as 4th most targeted
Australia and New Zealand more vulnerable compared to firms in Europe or North America.
CrowdStrike meltdown may shore up cyber insurance premiums
Insurers are refining their policies after the global tech outage to better manage risks.
Cyber insurance market set to reach $121b by 2032
APAC is expected to experience significant growth due to rising ransom attacks.
Guy Carpenter estimates CrowdStrike outage loss ~$1b
A malicious attack on a widely used operating system could birth $2b in losses.
Howden Re boosts cyber reinsurance with new appointment
The company forecasts the cyber insurance market to reach $40b by 2030.
Cyber insurance can ‘avoid severe financial setbacks’ like CrowdStrike incident
A WTW director shares long-term solutions to incidents like CrowdStrike.
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1. LIA Singapore appoints Wong as president with new 2025 goals 2. Vietnam’s life insurance sector slated for dip this 2025 3. Singapore launches online tool for health insurance planning 4. BFSI sector leads cyber insurance adoption at 35% to 40% share 5. Malaysia’s healthcare system faces funding, cost challengesResource Center
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